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Market failure

The document discusses various economic theories and government responses related to externalities, particularly focusing on environmental impacts and consumption behaviors. It highlights the role of government intervention through taxes and permits to manage emissions and promote cleaner energy sources. Additionally, it addresses the challenges of measuring social costs and the implications of market inefficiencies on consumer behavior.

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0% found this document useful (0 votes)
3 views8 pages

Market failure

The document discusses various economic theories and government responses related to externalities, particularly focusing on environmental impacts and consumption behaviors. It highlights the role of government intervention through taxes and permits to manage emissions and promote cleaner energy sources. Additionally, it addresses the challenges of measuring social costs and the implications of market inefficiencies on consumer behavior.

Uploaded by

vc7336
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF or read online on Scribd
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